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<br />GER~'l'E:NSCH:LA(;;ER 402-47~~.6~.5.1__'.i't~~(j$j3N:ri<;..--f2":3"5' 'N' St) PO Box 8300.9.1__I.:Ll'lClc>:Lii.c.
<br />{nama, address and phone number of preparer)
<br />State of Nebraska Space Above This Line For Recording Data
<br />
<br />REAL ESTATE DEED OF TRUST
<br />(With Future Advance Clause)
<br />D Construction Security Agreement
<br />
<br />0166013242
<br />
<br />D Master form recorded by
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />The parties and their addresses are:
<br />
<br />.13E!P. J,:2., ~006
<br />
<br />TRUSTOR:ERIC A GYDESEN and AMY E GYDESEN, HUSBAND AND WIFE
<br />
<br />1508 N GRAND ISLAND AVE
<br />Grand Island, NE 68803
<br />D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />
<br />TierOne Bank
<br />1235 'N' St / P.O. Box 83009
<br />Lincoln, NE 68501
<br />BENEFICIARY:
<br />
<br />TierOne Bank
<br />1235 'N' St / PO Box 83009 LINCOLN, NE 68501
<br />
<br />Organized and Existing Under the Laws of the United States of America
<br />
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged. and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument. Trustor irrevocably
<br />grants, conveys and sells to Trustee. in trust for the benefit of Beneficiary. with power of sale. the following described
<br />property:
<br />LOT 161, WEST LAWN, GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />
<br />The property is located in
<br />
<br />Hall
<br />(County)
<br />__ . Grand Island , Nebraska 68803
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances. royalties, mineral rights, oil and gas rights, all water and riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />
<br />at 1508 N GRAND ISLAND AVE
<br />
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time
<br />shall not exceed $,:t,:LJ,,s.O.,'O'O______... __. . This limitation of amount does not include interest and other
<br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s) , contract(s), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify
<br />the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Line of Credit Agreement dated 09/12/2006
<br />
<br />NEBRASKA" HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA. FHLMC. FHA OR VA USE)
<br />~@ 0 1994 Bankers Systems, Inc., St. Cloud. MN Form OCp..REDT.NE 511 0/2005
<br />~ -C465(NE) (0506) VMP Mortgage Solutions, I"c.
<br />
<br />C-06-09-019898
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